255 Common Reed DrGilbertSC29054
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Gilbert at 255 Common Reed Dr, Gilbert, SC, 29054 priced at $279,900 pairs $2,676/mo rent with $1,010/mo cash flow after a $1,370/mo payment. Total monthly income equals $2,676/mo, and annual cash flow comes to $12,117/yr on $92,787 invested. Return on cash invested is 32.97% in year one, and rental yield stands at 11.47% on a $279,900 basis. Equity gained on principal adds $1,806/yr, and 5% annual appreciation accumulates to $77,331 by year five. Five-year ROI measures 172.58% and total cumulative return in cash reaches $160,129. For financing, Ziffy Mortgage’s DSCR program evaluates $2,676/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29054, Gilbert, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,158 (100%) |
| Owner Occupied HU | 3,996 (77.5%) |
| Renter Occupied HU | 602 (11.7%) |
| Vacant Housing Units | 560 (10.9%) |
| Median Home Value | $364,544 |
| Average Home Value | $423,866 |
Housing Distribution
Address Breakdown
Residential
4,846
Single Family
4,819
Multi-Family
27
Businesses
224
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Listed by: Steve Kozlowski • Century 21 Vanguard
Mls Name: Consolidated MLS
Mls ID: #616745